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Insolvency (BIA) - Property Stay

. Grillone (Re)

In Grillone (Re) (Ont CA, 2024) the Ontario Court of Appeal notes the effect of a bankruptcy stay [under BIA s.71]:
[5] The October 2023 bankruptcy order was automatically stayed when the appellant appealed it, but this stay was lifted by Brown J.A. in December 2023. As a result, under s. 71 of the Bankruptcy and Insolvency Act, R.S.C., 1985, c. B-3, the appellant has no capacity to dispose of or otherwise deal with his property, which passed to and is vested in the Trustee.


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Last modified: 02-12-24
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